Ether May See Bullish Momentum as Bitcoin Dominance Drops Below 60% Amid Rising Global Liquidity

Key Points

1. Global liquidity (M2 money supply) has reached a record $95.58 trillion, creating favorable conditions for risk assets like Ether.

2. Analysts suggest ETH is undervalued and should be trading above $8,000, based on the Wyckoff accumulation framework and M2 growth disparity.

3. Bitcoin's market dominance has fallen to 60%, correlating with Ether's 77% price gain, historically a precursor to significant ETH rallies.

4. Institutional adoption is accelerating, with Ethereum-focused ETFs and treasury allocations driving demand.

5. The ETH/BTC ratio has surged ~40% in the past month, supported by stronger inflows into Ethereum ETFs compared to Bitcoin ETFs.